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The Centre was established in 1985 to promote the use of arbitration and other forms of alternative dispute resolution services in Asia. Formed as a non-profit making company limited by guarantee under Hong Kong law, HKIAC was originally funded with assistance from the business community and the Hong Kong Government.
The Willem C. Vis International Commercial Arbitration Moot or Vis Moot [3] is an international moot competition. Since 1994, it has been held annually in Vienna, Austria, attracting more than 300 law schools from all around the world and spurring the creation of more than 20 pre-moots each year before the actual rounds are held in Vienna.
Instead, it provides "judicial supervision of arbitration proceedings". [2] The court's official working languages are English and French. Cases can be administered in any language. It is headquartered in Paris, France. As of 9 January 2020, the court has registered 25,000 cases, including an annual record of 869 in 2019. [3]
Hong Kong is far from claiming victory in the highly contested race to become Asia's top international arbitration spot. But the Chinese Special Administrative Region and its new justice chief are ...
ISDS claims are often brought under the rules of the International Centre for Settlement of Investment Disputes (ICSID) of the World Bank, the London Court of International Arbitration (LCIA), the International Chamber of Commerce (ICC), the Hong Kong International Arbitration Centre (HKIAC), or the United Nations Commission on International ...
International arbitration is an alternative to local court procedures. International arbitration has different rules than domestic arbitration, [6] and has its own non-country-specific standards of ethical conduct. [7] The process may be more limited than typical litigation and forms a hybrid between the common law and civil law legal systems. [8]
According to the Hong Kong International Arbitration Centre (HKIAC), in 2020, HKIAC received 318 arbitration cases, the most arbitration cases in ten years. [56] Indeed, international parties arbitrated more matters in Hong Kong, with (72.3%) of all arbitrations submitted to HKIAC in 2020 involving at least one party that was not from Hong Kong ...
Nowadays many countries have adopted arbitration laws based on the UNCITRAL Model Law on International Commercial Arbitration. This works with the New York Convention so that the provisions on making an enforceable award, or asking a court to set it aside or not enforce it, are the same under the Model Law and the New York Convention.